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“#Jay-Z, Jack Dorsey launch fund to help develop bitcoin” Rapper Jay-Z and tech mogul Jack Dorsey are launching a roughly $24 million fund to help develop bitcoin. The Brooklyn-born artist and the Twitter CEO are putting 500 bitcoin into an endowment called “₿trust,” Dorsey announced Friday. The fund’s mission is to make bitcoin “the internet’s…
“#Is Elon Musk the new stock market oracle?” Has the “Oracle of Omaha” Warren Buffett been replaced by Elon Musk, the “Oracle of Memes”? The futurist billionaire, chief executive of Tesla and SpaceX, and world’s richest person is now also able to move markets, from cryptocurrencies to actual stocks, using a single tweet. It’s a…
“#Mastercard will enable more merchants to take cryptocurrency” Mastercard said it will enable more merchants to accept cryptocurrency by opening up its payment network to certain digital coins this year. The credit-card giant became the latest major company to embrace cryptocurrency this week after Tesla announced it had purchased $1.5 billion in Bitcoin. Mastercard called…
“#Big companies unlikely to follow Tesla on Bitcoin: JP Morgan” Tesla’s $1.5 billion investment in bitcoin probably won’t inspire other major companies to spend their corporate cash on cryptocurrency, JP Morgan analysts say. The electric-car maker’s move to spend 8 percent of its cash reserves on bitcoin spurred speculation that the digital currency might start…
“#Bitcoin hits another record high after Tesla’s $1.5B buy-in” Bitcoin touched a fresh all-time high Tuesday as Tesla’s $1.5 billion investment in the cryptocurrency pushed it further into the mainstream. Bitcoin’s price surged as high as $48,226.25 in the early morning, according to CoinDesk, continuing a rally that started Monday after Elon Musk’s electric-car maker…
“#Tesla buys $1.5B in Bitcoin, plans to accept it as payment” Bitcoin surged to an all-time high Monday after Tesla said it bought $1.5 billion worth of the cryptocurrency. The digital coin climbed 16 percent from a day earlier to a record of $44,801.87 after Elon Musk’s electric-car maker revealed the hefty investment in a…
“#Fraudster refuses to give up Bitcoin password worth $60M” German prosecutors have confiscated more than 50 million euros ($60 million) worth of bitcoin from a fraudster. There’s only one problem: They can’t unlock the money because he won’t give them the password. The man was sentenced to jail and has since served his term, maintaining…
“#Elon Musk gets back on Twitter, sends Dogecoin soaring” Elon Musk broke his very brief Twitter fast Thursday with a series of early-morning tweets that drove up the price of a cryptocurrency that was created as a joke. The meme-inspired Dogecoin spiked around 3:30 a.m. after the billionaire Tesla boss fired off a string of…
“#Sham crypto exec busted for investor fraud” An executive of a pair of sham cryptocurrency companies — endorsed by action movie star Steven Seagal — was busted by the feds Monday for defrauding investors then staging his own disappearance. John DeMarr, 55, of Santa Ana, Calif., allegedly used investors’ money to buy a Porsche, jewelry…
“#Robinhood limits crypto trading as Bitcoin, Dogecoin surge” Robinhood moved to restrict users from hastily buying cryptocurrencies Friday as the prices of two popular digital coins surged. In a post on its website, Robinhood said it temporarily disabled “Instant Deposits” for cryptocurrency purchases. That means users won’t be able to buy digital currencies with money…